Good news: MicroStrategy is a big new buy for Bitcoin
MicroStrategy announced a major new Bitcoin purchase of an additional 11,931 Bitcoin for a total value of $786 million, according to an announcement Thursday.
This quantity was purchased at an average price of $65,883 per Bitcoin.
This brings the company's total Bitcoin holdings to 226,331 units, making it the largest Bitcoin holder by a significant margin over its closest competitors.
The latest purchase was funded through an $800 million debt sale that the company completed earlier today.
With this new purchase, MicroStrategy's average Bitcoin purchase price has risen to $36,798 per Bitcoin.
MicroStrategy stock performance:
In the pre-market days, MicroStrategy (MSTR) shares rose 2.56%.
Over the course of the year, shares have seen a massive 114% rise, significantly outperforming Bitcoin itself.
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